江旭东：我国国债市场的三大新功能一、规避国际金融风险的“避风港”。从国际比较来看，一个国家越是具有一个规模庞大、流动性又好的国债市场，就越能在国际金融危机中缓解游资压力，稳定本国证券市场。当本国证券市场受到国际游资冲击时，投资者可使资金转入规模大、流... Jiang Xudong: Three New Functions in China’s Bond Market I. A “Safe Harbor” to Avoid International Financial Risks. From an international perspective, the more a country has a large-scale and highly liquid treasury bond market, the more it can ease the pressure of hot money in the international financial crisis and stabilize its securities market. When the domestic securities market is hit by international hot money, investors can make money into large-scale, ...